Registered Representative Salary

Registered Representatives in the United States can expect to earn an average of $43K per year. Most workers in this position report high levels of job satisfaction. A fair number report receiving medical coverage from their employers and the greater part collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 54 percent. This snapshot results from replies to PayScale's salary survey.

$32,928 - $73,019
(Median)
$33K
$43K
$73K
MEDIAN: $43,306
10%
50%
90%

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$11.76 - $22.30
(Median)
$12
$18
$22
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Salary
$32,928 - $73,019  
   
Bonus
$980 - $9,960  
Profit Sharing
$1,750  
Commission
$-0.50 - $290,874  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,276 - $71,322  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 119
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50$100$150
Hourly Rate
$11.76 - $22.30  
   
Overtime
$29.52  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Bonus
$980 - $9,960  
   
Commission
$-0.50 - $290,874  
Profit Sharing
$1,750  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,276 - $71,322  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 27
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Job Description for Registered Representative

Managing investments and securities exchanges is a complicated and byzantine process. There are many rules that must be followed closely and the entire process is overseen by huge government bureaucracies, and this is why most people hire brokers to do their business for them. "Registered representative" is a very literal job title: commonly known as "stockbrokers," they are licensed by the United States Securities and Exchange Commission, as well as self-regulatory agencies such as the New York Stock Exchange, to represent their clients in the purchase, sale, and management of securities.

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Pay by Experience Level for Registered Representative

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience seems to be a major factor in determining the incomes of Registered Representatives. During the first five years of their careers, Registered Representatives see a median income of $42K. Survey respondents with five to 10 years of experience report an only modestly higher median of $47K. Registered Representatives bring in $61K after working for 10 to 20 years. Average wages for folks with more than 20 years of experience come out to around $72K.

United States (change)

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Experience Affects Registered Representative Salaries

Late-Career
up arrow 59%

Experienced
up arrow 35%

Mid-Career
up arrow 4%

National Average
$45,000

Entry-Level
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 25 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
3%
1-4 years
53%
5-9 years
26%
10-19 years
11%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 64%
medical benefits
Vision: 54%
dental benefits
None: 17%
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